LEEF Brands Closes Oversubscribed Private Placement for CAD $2.09 Million

VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) ("LEEF" or the "Company"), a premier California and New York cannabis operator, is pleased to announce the closing of its previously announced private placement offering (the "Offering"). The Company has raised gross proceeds of C$2,090,890 through the issuance of 8,363,560 units (the "Units") at a price of C$0.25 per Unit, representing approximately twice the size of the original Offering.

Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of C$0.30 for a period of 24 months from the closing date of the Offering.

The Offering was conducted pursuant to the listed issuer financing exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") and other applicable prospectus exemptions under NI 45-106. Securities issued under the LIFE Exemption are not subject to a statutory hold period in accordance with applicable Canadian securities laws.

"We are grateful for the strong support from our investors, which has enabled us to close this Offering at twice our original expectation," said Micah Anderson, CEO of LEEF Brands. "We are excited about the opportunities ahead, including expanding our presence in New York and further developing our farm in California to drive long-term growth."

“With this financing, we are in a stronger position to accelerate our growth in two key markets: expanding our New York footprint and enhancing production at our California farm,” said Kevin Wilson, CFO of LEEF Brands. “These initiatives form a solid foundation for long-term value creation — and should federal catalysts like rescheduling advance, we’ll be well positioned to capitalize on the resulting shift in market dynamics.”

In connection with the Offering, Micah Anderson and Kevin Wilson, insiders of the Company, participated in the Offering, which acquisition constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on Sections 5.5(a) and 5.7(1)(a) of MI 61-101 for an exemption from the formal valuation and minority shareholder approval requirements, respectively, of MI 61-101, as, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Units purchased by insiders under the Offering exceeded 25% of the Company's market capitalization.

In addition, the Company has issued 272,000 common shares to a service provider in consideration for services rendered and 36,000 common shares upon the exercise of employee stock options.

About LEEF Brands, Inc.
LEEF Brands Inc. is a leading California and New York-based extraction and manufacturing cannabis company. With a comprehensive supply chain, innovative manufacturing processes, and a dynamic bulk concentrate portfolio, LEEF powers some of the largest cannabis brands in the United States. For more information, visit www.LeefBrands.com.

Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively, "forward-looking statements"), including, but not limited to, statements regarding the anticipated use of net proceeds from the Offering and the Company's future financial condition, operations, and objectives.

Forward-looking statements reflect current expectations or beliefs regarding future events or the Company's future performance or financial results. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.

Although the Company believes that the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements.

There are certain factors that could cause actual results to differ materially from those in the forward-looking information, including, but not limited to the risks that the Company does not use the net proceeds from the Offering as anticipated, as well as the risks disclosed in the Company's public filings on the Company's issuer profile on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward-looking statements.

For more information on the Company, investors are encouraged to review the Company's public filings on SEDAR+ at www.sedarplus.ca.

LEEF Brands Inc.
Per: Jesse Redmond, Head of Investor Relations and Business Development
Phone: +1 (707) 703-4111
Email: ir@leefca.com

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